Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

221
Posts
85
Votes
Eric Mcginn
  • Real Estate Investor
  • San Bernardino, CA
85
Votes |
221
Posts

Title Insurance Claim?

Eric Mcginn
  • Real Estate Investor
  • San Bernardino, CA
Posted

I bought a great vacation home / rental in the socal mountains. Has a bigger lot with ample parking, which is at a premium up there. 

One of the spots seemed like it was being used by a neighbor, no big deal but left them a note. 

A few months later I finally meet the neighbor (they don't come up in the winter) and they have an easement.

Title company didn't disclose anything. I gave my agent the info my neighbor gave me regarding the easement. My agents title guy (different company, used seller's) said they finally found it, attached to an old lot prior to the three lots combining into one lot a few years back. They are looking more into it and will let me know. 

But I want to do my own due diligence. 

Do I have a claim here? I value the parking space at $50/month. 

Or if the county made a mistake do I just have to eat it? Not the end of the world fortunately, had a pipe dream of a garage there some day, but not realistically considering I'd be geotechnical engineers etc. And I do have other parking spots. But still I held value in that one, particularly good parking spot. 

Rimforest, CA in San Bernardino Cointy. Bought it a bit less than a year ago. 

Most Popular Reply

User Stats

3,467
Posts
3,417
Votes
Tom Gimer
  • DMV
3,417
Votes |
3,467
Posts
Tom Gimer
  • DMV
Replied

The title company should have searched back at least X years (around here X=60) on each parcel.

Attorneys fees are covered by your policy. Good luck. Report back.

  • Tom Gimer
business profile image
Eastern Title & Settlement
4.9 stars
12 Reviews

Loading replies...